iomart revenues rise 18%
Cloud computing company iomart announced continued momentum with revenue growth of approximately 18% for the six months to £62.0m. Adjusted EBITDA rose 4% to approximately £18.5m though bank interest rate increases since last year, the adjusted profit before tax is expected to be approximately £7.5m versus H1 FY22: £7.4m.
As announced on 18 September 2023, Lucy Dimes has now assumed the role of CEO following the departure of Reece Donovan.
The recent acquisitions have enhanced the Group’s routes to market and depth of skills, improving the customer proposition to ensure iomart and its customers can take full advantage of the broader hybrid cloud market opportunity. The Board remains confident in the outlook for the long-term prospects for the Group.